INFILL KANSAS CITy MSA MEDICAL USE TENANTS

[ subject property ]

1680 NW Chipman Road, Lee’s Summit, MO 64081

Aspen Dental & Good Feet

Listing Team Contact Info

Listed in conjunction with MO Licensed Broker:Jewett Ferguson of Ferguson Properties (816) 781-2520

THE SUBJECT PROPERTY IS THE HARD CORNER PAD ENTRANCE TO THE MOST DOMINANT RETAIL TRADE AREA IN LEE’S SUMMIT, ANCHORED BY SUPER TARGET, LOWE’S, BED BATH & BEYOND, AND A VARIETY OF OTHER RETAIL DESTINATIONS.

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RENTABLE SF . . . . . . . . . . . 5,146 SFPRICE PER SF . . . . . . . . . . . $581.14

PRICE: $2,990,571CAP: 7.00%

Lee’s Summit, Missouri, is one of the fastest growing, most affluent sectors of the Kansas City MSA with a population of over 94,000 residents. The property enjoys traffic counts of over 120,000 VPD from the freeway, dominant visibility, and density of over 100,000 residents within a 5-mile radius.

investment highlights

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

John Andreinijandreini@capitalpacific.com | (415) 274-2715CA BRE# 01440360

[ subject property rendering ]

ASPEN DENTAL & GOOD FEET | 2

core characteristics

Hard corner signalized pad entrance to 1M square foot retail trade area with freeway visibility traffic counts of over 120,000 vehicles per day. These desirable long-term fundmantals position the exisiting tenants for long-term success, with the ability to readily replace them in the future if needed.

LEASE HIGHLIGHTS• Aspen Dental - 10-year lease with three (3) five (5) year options. 10% rental

increases every five years throughout the base term and options. Tenant pays taxes, CAMs, and insurance. Tenant is responsible for all non-structural components and HVAC. Landlord is responsible for roof and structure.

• Good Feet - 10-year lease with two (2) five (5) year options. 10% rental increases every five years throughout the base term and options. Tenant pays taxes, CAMs, and insurance. Tenant is responsible for all non-structural components and HVAC. Landlord is responsbile for roof and structure.

LOCATION HIGHLIGHTS

• Located within the SummitWoods Crossing power center. Tenants in the center include Target, Lowe’s Home Improvement, Bed Bath & Beyond, T.J. Maxx, Petco, Panera, Verizon, Starbucks, and many others.

• Located at the corner of Highway 50 and NM Chipman Road. The property has outstanding exposure and visbility, boasting a combined traffic count of over 120,000 vehicles per day.

• The subject property is located less than one mile from the new University of Central Missouri Innovation Campus, which is scheduled to open in September 2017. Approximately 550 high school students from 14 school districts are expected to attend classes at the facility, along with about 3,000 university students.

• Situated in a highly dense residential market: over 41,000 people within a 3-mile radius and over 101,000 people within a 5-mile radius. The average household income exceeds $88,000 within a 3- mile radius.

101,000+ Residents with AN average household income exceeding $89K within a 5-mile radius

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

[ surrounding area retail ]ASPEN DENTAL & GOOD FEET | 3

aerial BENEFITTING FROM TRAFFIC COUNTS OF 120,464 VPD AT THE INTERSECTION OF US HIGHWAY 50 & NW CHIPMAN ROAD

470

470

50

50

NW Chipman Road

NW Ward Road

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ay

NW

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SUMMIT TECHNOLOGY

CENTER5,000

EMPLOYEES

SUMMITWOODS CROSSING

SUMMIT FAIR

KANSAS CITY

HOUSING(101,078 RESIDENTS

WITHIN 5 MILES)

120,464 DAILY

ASPEN DENTAL & GOOD FEET | 4

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

income & expense

[ surrounding area retail ]

PRICE $2,990,571 Price Per Square Foot: $581.14

Capitalization Rate: 7.00%

Total Rentable Area (SF): 5,146

Lot Size (AC): 1.45

STABILIZED INCOME Per Square FootScheduled Rent $40.50 $209,340

LESS Per Square FootTaxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $209,340

ASPEN DENTAL & GOOD FEET | 5

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

rent roll

[ REPRESENTATIVE PHOTO ][ surrounding area retail ]

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant Name Sq. Ft. Term Current Rent Monthly Rent

Yearly Rent

MonthlyRent/FT

Yearly Rent/FT

Aspen Dental 3,500 12/22/2017 12/31/2022 $143,500 $11,958 $143,500 $3.42 $41.00

1/1/2023 12/31/2027 $13,154 $157,850 $3.76 $45.10

Option 1 1/1/2028 12/31/2032 $14,470 $173,635 $4.13 $49.61

Option 2 1/1/2033 12/31/2037 $15,916 $190,995 $4.55 $54.57

Option 3 1/1/2038 12/31/2042 $17,509 $210,105 $5.00 $60.03

Good Feet 1,646 11/22/2017 11/30/2022 $65,840 $5,487 $65,840 $3.33 $40.00

12/1/2022 11/30/2027 $6,035 $72,424 $3.67 $44.00

Option 1 12/1/2027 11/30/2032 $6,639 $79,666 $4.03 $48.40

Option 2 12/1/2032 11/30/2037 $7,303 $87,633 $4.44 $53.24

Totals: 5,146 $209,340 $18,597 $209,340 $3.37 $40.50

ASPEN DENTAL & GOOD FEET | 6

120,464 DAILY

site plan

NW

Chi

pman

Roa

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Off Ramp50

MONUMENT SIGN

SUMMITWOODS CROSSING

SITE PLAN KEY

PARCEL OUTLINE:

RENTABLE AREA: 5,146 SF

INGRESS/EGRESS:

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. ASPEN DENTAL & GOOD FEET | 7

shopping center

NW

PR

YO

R R

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N W C H I P M A N R O A D

50

470

SUMMITWOODS CROSSING

120,464 DAILY

This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.

ASPEN DENTAL & GOOD FEET | 8

tenants

Aspen Dental Management Inc. (ADMI) provides non-clinical support services to independently owned and operated dental practices in approximately 33 states. This includes finding the right location, payroll and benefits, equipment, accounting and marketing for their clients, leaving independent, licensed practitioners free to concentrate on patient care.

Aspen Dental has more than 550 locations that offer patients a full range of denture and dental services, from preventive care to general dentistry restoration. In 2015 alone, Aspen Dental branded practices recorded nearly 3.7 million patient visits and welcomed nearly 785,000 new patients.

ASPEN DENTALGood Feet began as a family-owned business in 1992, and has since expanded to encompass over 100 individually owned and operated stores throughout the world. Good Feet Stores sell a proprietary product line of arch supports, plus a selection of shoes and foot-related accessories. Over 300 styles, flexibilities, and sizes allows customers to be fit with the supports that meet their particular needs, foot type, shoes, lifestyle and overall comfort.

GOOD FEET

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

[ subject property ]

ASPEN DENTAL & GOOD FEET | 9

2017 HOUSEHOLD INCOMES

POPULATION

TOP EMPLOYERS IN LEE’S SUMMIT

demographics & map

LEE’S SUMMIT

23 MIN18 MILES

120,464 DAILY

SUBJECT PROPERTY LOCATION

REGIONAL MAP

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

KANSAS CITY

1-Mile 3-Mile 5-Mile

2010 5,182 39,761 96,7472017 5,247 41,774 101,0782021 5,309 43,173 104,230

1-Mile 3-Mile 5-Mile

Average $69,355 $88,686 $89,185Median $52,705 $65,882 $70,052

Lee’s Summit R-7 SchoolsCentral Missouri State University City of Lee’s SummitSaint Luke’s Health SystemTruman Medical Center - Lakewood

ASPEN DENTAL & GOOD FEET | 10

Lee’s summit, mo

Lee’s Summit is a city in Jackson County, Missouri, located sixteen miles southeast of downtown Kansas City. It is one of the fastest growing communities in the state, with a current population of 94,292. In 2010, Money magazine cited, “Lee’s Summit is … among the Best Places to Live.” The community is renowned for state and national award-winning-schools and community college, a thriving local economy, plentiful public and private investment, diverse housing choices, as well as comprehensive parks, lakes and recreation amenities. At 65 square miles – the fifth largest in the state – the city has room to grow with recently annexed properties in strategic highway served locations.

Lee’s Summit is served by two interstates (I-470 and I-70) and two federal highways (U.S. 50 and U. S. 71) making it accessible to regional and national markets. Lee’s Summit is proud to host it’s very own regional airport with a runway length of 5,500 ft. to be completed in fall of 2017. The Lee’s Summit Municipal Airport is an asset to local businesses and patrons in Eastern Jackson County. In addition, the Kansas City International Airport (MCI) is 49 minutes away.

There are 33 higher educational institutions located within the Kansas City metro area that are accessible to residents in Lee’s Summit. For continuing education and associate’s programs, the Metropolitan Community College – Longview, is another award-winner with nearly 8,000 students enrolled per year. Undergraduate completion programs are available through the University of Central Missouri’s Summit Center Campus.

Jackson County is home to

Fortune 500 companies, two major

professional sports franchises (the

Royals of Major League Baseball

and the Chiefs of the National

Football League), the famous

Plaza, and the third largest county

parks system in the United States.

While Kansas City may be well

known for its jazz and barbecue,

Jackson County also has some of

the world’s most renowned art

museums and most innovative

medical research centers.

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

[ kansas city, mo ]

ABOUT JACKSON COUNTY

ASPEN DENTAL & GOOD FEET | 11

[ Copyright © 2017 Capital Pacific ]

CHRIS KOSTANECKI

CHRIS PETERS

DAVE LUCAS

ZANDY SMITH

JACK NAVARRA

ZEB RIPPLE

RICK SANNER

JOE CACCAMO

AARON SUSMAN

Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.JOHN ANDREINI

jandreini@capitalpacific.com | (415) 274-2715 CA BRE# 01440360

[ surrounding area retail ]

Listed in conjunction with MO Licensed Broker:Jewett Ferguson of Ferguson Properties (816) 781-2520